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Question: A company's human resources department reported that employees filed 3,700 complaints. For this group, the human resources department found that 28% of complaints were actionable, requiring the company to make some form of change such as firing a supervisor or reassigning an employee. Suppose 32 complaints have just been received by the human resources department. The probability that 10 of the complaints will be actionable. Use four decimal places for your final answer and include the zero before the decimal place. E.g., 0.1234.
The energy Department estimates that domestic demand for natural gas will grow by more than 40 percent between now and 2025. Distinguish between a demand function and a demand curve.
What assumptions must hold for OLS to give an unbiased estimate of the β1 the structural effect of increasing the police budget on the murder rate
Do you think these costs should be included in GDP? Why or why not? How could GDP be amended to include environmental damage costs?
Finally, imagine that there 108 allocations. Is it possible that none of the allocations is Pareto optimal? If not, explain why not. If so, give an example
Calculate the equilibrium price of a sandwich, the consumer surplus, and the producer surplus. What is the efficient quantity of sandwiches?
Then, answer these questions in the End of Unit Project: #3-1 What phase of the business cycle is the economy in? How do you know? #3-2 Do you want Aggregate Demand to move? Which way? Why?
Principles Of Economics - Compute the Cost. Edward the entrepreneur takes 2 hours to cut a lawn and he cuts 100 lawns per year. He uses solar-powered equipment.
Other things equal, in which year was seignior age revenue greater? (Assume that asset holders correctly anticipated the path of inflation.)
Suppose we have two countries, the United States and Mexico, and one good-computers. Assume the following for each country: United States: Qd = 5000 - P and Qs = 2P - 1000 Mexico: Qd = 5000 - 2P and Qs = P - 2000
Each firm has a marginal cost of $60 per unit. A. What is the Cournot equilibrium B. What is the Stackelberg equilibrium when Firm 1 moves first
Describe the strategies in the game that Coca-Cola and PepsiCo play. With some assumed payoffs, create a payoff matrix for the game and find the equilibrium outcome.
Consider the indirect utility function: v(p1; p2; m) = m /(p1 + p2) a. Derive the Marshallian demand functions.b. What is the expenditure function c. What is the direct utility function
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